COUNTY DURHAM - VILLAGE PUBLIC HOUSE WITH 10 LETTING ROOMS

8 Brandon Village, Durham, County Durham

Ref: 86190

Leasehold £10,000

Key Features

  • Idyllic Village Setting
  • 10 Letting Bungalow Rooms
  • Restaurant/Dining Room
  • Spacious Owner Accommodation
  • Excellent Scope for Growth
  • Location

    The Bay Horse occupies a prominent position in this highly regarded village. Brandon is a village in County Durham, England. It is situated a short distance to the southwest of Durham. Brandon was originally one of the seven townships within the ancient parish of Brancepeth. It grew from a sparsely populated agricultural area into a populous mining district after the establishment of collieries and later coke and fireclay works. Until the 19th century Brandon village, formerly known as East Brandon, was one of the larger settlements in Brancepeth Parish.

    Property

    GROUND FLOOR
    There is a front entrance into the BAR AREA which runs along the right of the building. There is an open brick fireplace and traditional open beams to add to the ambience. The main servery is located in the middle of the main bar and reaches through into a SECOND BAR AREA. In this bar, there is seating for (36) comfortably with a more traditional feel than the bar on the left side of the premises.

    The bar running along the left side of the Bayhorse has a more contemporary feel with seating for (30). The walls are half open brick and wood panelled effect.

    There is a RESTAURANT/DINING ROOM for (40) which is perfect for functions, business meetings or restaurant.

    There is a fully equipped CATERING KITCHEN at the rear which is more than adequate with separate preparation room and wash area.

    There is also an entrance at the rear to allow access from the car park with LADIES and GENTLEMEN'S TOILETS, also positioned at the rear of the building.

    FIRST FLOOR
    The 1st floor has three bedrooms, a lounge and bathroom which would be the owners accommodation.

    LETTING ROOMS (Separate Building)
    There is a separate building to the rear of the premises. This is made up of 10 letting room en-suite bungalows. The letting rooms are not included in the rent at £20,000 but upon speaking with the owner they are willing to include them with a total rent of £45,000.

    OUTSIDE
    There is a large CAR PARK for at least 25 cars at the rear.

    The Business

    The business has been operated by third party tenants and therefore no trading accounts are available. Prospective purchasers will need to reach their own conclusion as to the potential trade and profitability which can be enjoyed at this outlet.

    Opening Times : Mon-Sat – 11:00 - 23:00 Sunday – 12:00 - 22.30

    Food Times: Monday – Saturday 12:00 - 14:30, 17:00 - 21:00 Sunday 12:00 – 16:00

    Tenure

    LEASEHOLD £10,000 to include fixtures, fittings and goodwill of the Public House alone. Offers Invited for the Public House and Letting Accommodation. Stock at valuation in addition.

    PREMIUM  £10,000 to include the trade inventory of furniture, fixtures, fittings and effects.
     
    TERM Seven years.
     
    RENT  £20,000 per annum OR £45,000 per annum with letting rooms.
     
    RENTAL PAYMENT TERMS The rent to be paid monthly in advance and reviewed every third year of the term.
     
    DEPOSIT A deposit of £5,000 is to be paid to the freeholder.

    TIE The rental agreement is free of any trade tie.
     
    REPAIRS This is a full repairing and insuring lease.
     
    LANDLORD & TENANT ACT This agreement is under the protection of Part II of the 1954 Landlord & Tenant Act.
     
    ASSIGNMENT The agreement is fully assignable.



    No direct approach to be made to the business, with all communications directed through Sidney Phillips.

    Viewing strictly by appointment only.

    Licence

    A premises licence is held.

    Services

    All mains services are connected.

    Enquire about this listing

    Michael Watson
    Northern Counties

    Ref: 86190

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